The CBI believes a cut in NICs would give immediate help to those on the lowest incomes and recommends the threshold be raised to £10,500, the planned level of the income tax personal allowance in 2015-16. For the longer term, the report recommends also reducing employer NICs to provide scope for job creation and pay rises.

Mercer & Hole is registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. M&H Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority and is a subsidiary of Mercer & Hole Group Limited. Registered in England and Wales No. 9585846. All Rights Reserved. For technical feedback please contact us. Terms & Conditions.